Capitol to Courthouse Florida Insurance Report – Thursday, September 14, 2017
Sep 14, 2017
Florida’s Office Of Insurance Regulation Issues Emergency Order
David Altmaier, Commissioner of the Florida Office of Insurance Regulation, issued an Emergency Order Wednesday that protects Policyholders from abuse by their Insurance Companies in the aftermath of Hurricane Irma. Malena Carollo reports for the Tampa Bay Times.
Citizens Insurance Reports 8,000 Claims and Rising as Policyholders Return Home
Florida’s Office of Insurance Regulation was tallying Claims filed but had not yet posted the numbers on its Website. SaintPetersBlog.com Publisher Peter Schorsch reports.
FEMA Declares Central Florida Counties Eligible For Individual Assistance
The Federal Emergency Management Agency has declared Six Inland Central Florida Counties to be Eligible for Individual Assistance from the Disaster Declaration for Hurricane Irma. FloridaPolitics.com’s Scott Powers reports.
Florida is Short on Insurance Adjusters, and That Could Stall Recovery Efforts
Insurers are vying for Adjusters after many of them headed to Texas after Hurricane Harvey. The Wall Street Journal reports.
Canadian Snowbirds Will Face Insurance Hikes Even If Unscathed By Irma
Canadian Snowbirds who were lucky enough to escape property damage from Hurricane Irma will still face Higher Costs as Insurance Providers jack up Premiums and Condo Associations Levy Special Assessments, say Florida Insurance Experts. Ross Marowits reports for the Canadian Press.
Time For New Property Insurers To Perform After Irma
To be sure, Citizens is in pretty good shape in meeting the Disaster Needs of its roughly 450,000 Policyholders with a hefty cash reserve balance. But what about the other Companies created to take on the Citizens Refugees? Tampa Bay Times Columnist Daniel Ruth discusses his concerns.
Hurricane Irma to Test Catastrophe Bond Market, AM Best Says
A New Analysis by A.M. Best indicates approximately USD 12.5 Billion of potential exposure to Catastrophe Bonds sponsored by Florida-Domiciled Insurers, Florida-Only Subsidiaries of Major Writers, Reinsurers and National Primary Carriers now face Hurricane Irma Losses.
Ft. Lauderdale Assisted Living Facility Without Power Evacuated
Residents at an Assisted Living Facility in Suburban Fort Lauderdale who have been without power since Hurricane Irma are being moved to two Facilities across the street that have electricity. The Associated Press reports via FloridaPolitics.com.
I-75 To Remain Open As Flooding Recedes
The Florida Department of Transportation said Thursday the State will not have to close a portion of Interstate 75 in Alachua County, as Santa Fe River flooding has started to recede. The Tallahassee Democrat reports.
Irma May Affect Voices of Florida Taxpayers
Timing of Hurricane’s Arrival was too close to Local Property Tax Hearings. The Tampa Bay Times’ Steve Bousquet reports via “The Buzz” blog.
Irma Is Just The Beginning, Sandy Victims Warn Floridians
As Florida and Texas begin cleanup from Hurricane Irma, New Jersey and New York Homeowners who endured Flooding from Superstorm Sandy five years ago are urging Congress to Overhaul the Nation’s Flood Insurance Program. The Miami Herald’s Alex Daugherty reports.
Why Weren’t Charter Schools Used As Shelters During Hurricane Irma?
Traditional County Public Schools across the Tampa Bay Region and Florida are cleaning up after sheltering thousands of Residents and their pets who sought safety from Hurricane Irma. Jeffrey Solocheck reports for the Tampa Bay Times.
Don’t Rebuild The Florida Keys
Forbes Contributor Omri Ben-Shahar says there is just one problem in the zeal to redevelop the Florida Keys: The Next Storm.
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